Canada Population Sees Record Growth in 2023

Canada's population grew by 1.3 million in 2023 reaching 40.8 million, with a record-breaking annual growth rate of 3.2%, primarily driven by immigration.

However, new restrictions on temporary residents and international students are expected to slow this growth.

While bolstering the economy, the rapid growth has strained infrastructure and housing, prompting anxiety over living standards and leading the government to scale back immigration ambitions.